Investing.com - The number of building permits issued in Canada rose unexpectedly last month, official data showed on Thursday.
In a report, Statistics Canada said that Canadian building permits rose to a seasonally adjusted annual rate of 7.4%, from 4.1% in the preceding month whose figure was revised up from 1.7%.
Analysts had expected Canadian building permits to fall to 1.0% last month.
In a report, Statistics Canada said that Canadian building permits rose to a seasonally adjusted annual rate of 7.4%, from 4.1% in the preceding month whose figure was revised up from 1.7%.
Analysts had expected Canadian building permits to fall to 1.0% last month.